Maini Precision Products is an end-to-end solutions provider engaged in process design, engineering, manufacturing, testing, and supply of a variety of precision products and assemblies. We are capable of diverse and critical manufacturing and finishing processes, including machined castings, die castings, machined forgings, bar route machining, plate machining, surface treatment, heat treatment, critical assembly, as well as ancillary activities such as end of line testing, export packing and warehousing, which helps us provide end-to-end solutions for our customer requirements.
The company plans to raise funds between Rs. 800-900 crores through an initial share sale. The initial public offering (IPO) consists of a fresh issue of equity shares aggregating to Rs. 150 crore, an offer for sale of up to 2,54,81,705 equity shares, and the new IPO includes a fresh issue worth Rs.330 crore and an offer for sale of equity shares worth around Rs.1,000 crore. Additionally, they are considering a pre-IPO placement of Rs.200 crore, which will be decreased from the amount of the fresh issue.
As a part of the OFS, promoters will offload 60,20,765 equity shares, individual shareholders will sell up to 6,45,865 equity shares, other selling shareholders will sell up to 5,13,390 shares, and investor shareholders will sell 1,83,01,685 equity shares.
The proceeds from the issue will be utilised :
- To repay/prepay ₹112.5 crore borrowings
- For general corporate purposes
Opening Date
Closing Date
Price Band
Issue Size
Face Value
Market Lot
Listing at NSE, BSE
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
| Particulars | 2020 | 2019 |
|---|---|---|
| Restated profit / (loss) for the period/year (A) | 468.81 | 183.57 |
| Add: | ||
| Total tax expense (B) | 28.31 | 113.01 |
| Finance costs (C) | 211.79 | 206.78 |
| Depreciation and amortisation expense (D) | 415.73 | 289.52 |
| EBITDA (E) = (A)+(B)+(C)+(D) | 130.40 | 425.74 |
| Loss on fair valuation of CCPS (F) | 287.60 | 428.29 |
| Adjusted EBITDA (G) = (E)+(F) | 418.00 | 854.03 |
| Total income (H) | 4368.04 | 5737.32 |
| EBITDA Margin (I) = (E)/(H) (%) | 2.99% | 7.42% |
| Adjusted EBITDA Margin (J) = (G)/(H) (%) | 9.57% | 14.89% |
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Here are our top reasons:
| Strengths | Risks | ||
|---|---|---|---|
| Advanced manufacturing processes, engineering expertise and quality assurance | The business largely depends upon top 10 customers and the loss of such customers or a significant reduction in purchases by such customers will have a significant adverse impact on the business | ||
| Robust technological, innovation and R&D capabilities in an industry with high barriers to entry, enabling us to seamlessly harness emerging trends | Unsuccessful in implementing growth strategies | ||
| Strong parentage, and skilled, experienced and qualified workforce and senior management | Dependence on third parties for the supply of raw material and delivery of certain products - any disruption in the supply of components and raw materials could impact our production and increase our costs. | ||
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An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.
Maini Precision Products Ltd has filed for an IPO with SEBI for an IPO of Rs.900 crore comprising a fresh issue and an offer for the sale of shares.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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